October 2010 Monthly Archive
October 29, 2010
Fannie Mae Homepath is government-sponsored program offering foreclosure properties for sale at discounted prices. When properties are financed through select lenders, buyers can obtain incentives and special financing options such as low interest and minimal down payments.
Fannie Mae Homepath offers a variety of homes for sale including single family residences, condos, apartments, and duplexes. Properties consist of foreclosure homes which were repossessed by Fannie Mae.
October 21, 2010
Fannie Mae Homepath Properties can be a great choice for individual buyers and real estate investors. These homes are offered at discounted prices and can be combined with public grants, along with special financing options and low down payment requirements.
Most Fannie Mae Homepath properties are priced below market value. These homes consist of repossessed foreclosure properties that did not sell at public auction and are now owned by Fannie Mae. Buyers can select from a list of nationwide properties or create a personal wish list which allows them to receive notification when the type of property they desire becomes available.
October 16, 2010
Virgin Money is part of the Virgin-empire created by Sir Richard Branson whose entrepreneurial spirit has created 360 companies during his lifetime. Virgin Money offers a unique 'social loans' program where friends and family can fund personal loans.
Virgin Money is not a bank, but does offer personal financial products including credit cards. In January 2010, Branson purchased Church House Trust, a small private bank, which will eventually allow Virgin Money to offer real estate mortgages and personal checking and savings accounts.
October 11, 2010
Homes for rent can be a profitable niche for real estate investors. In addition to offering rental homes, investors can also use properties to engage in lease options, seller carry back mortgages, and other types of creative financing options.
Many investors offer homes for rent in popular tourist locations such as mountain retreats and beach bungalows. Others offer rental properties as Section 8 to obtain guaranteed rent payments from the government. Some investors specialize in affordable housing, while others focus on luxury rentals.
October 02, 2010
A lease purchase option agreement can be beneficial for property owners and buyers. In today's real estate market it has become difficult to attract qualified buyers to purchase homes at market value. It has also become difficult for buyers to qualify for home mortgage financing. Lease options can be the solution both parties are seeking.
A lease purchase option agreement allows buyers to rent the property while building or restoring their credit rating. A portion of rent is contributed toward the purchase price which reduces the amount of funds required when buyers later obtain financing.